From kpmg.com: Analysis shows that Generation X has surpassed Baby Boomers in property and share ownership, with Gen X averaging $1.31 million in housing compared to $1.30 million for Boomers.
While Baby Boomers maintain higher cash reserves, Gen X leads in share ownership, valued at $256,000, reflecting a trend where younger generations face challenges in asset accumulation.
Overall, the net worth hierarchy shows Baby Boomers at $2.31 million, followed by Gen X at $1.88 million, Millennials at $757,000, and Gen Z at $96,000, emphasizing the wealth gap across generations.